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20121129
20121207
Search Results 0 to 5 of about 6 (some duplicates have been removed)
with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker boehner. he said it in an interview on bloomberg tv. the last time the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisa
connections and they can get this. >> reporter: speaker john boehner and president obama spoke for almost half an hour wednesday evening. >> well, we had a very nice conversation last night. it was direct. and straightforward. >> reporter: cnn has learned the president told the speaker there's no deal unless republicans agree to let the tax rates go back up for families who earn more than $250,000 a year. what the president campaigned on. but in recent days there's been talk of getting revenue by capping deductions or bringing in more money through tax reform. it's clear for the white house those proposals wouldn't be enough. it has to be tax rates for the wealthiest. speaking to wolf blitzer, goldman sachs ceo's the latest business leader to say that should not stand in the way of a deal. >> i think if that's what it took to make the math work, when you look at the entitlement side and when you look at the revenue side, i wouldn't preclude that. >> reporter: but speaker boehner is pushing back saying the real debate shouldn't be about taxes. it should be about cutting spending. >> despite the
interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6
Search Results 0 to 5 of about 6 (some duplicates have been removed)